Data security

We have been clear from the start that the date fixed by the card networks for liability shift was far too aggressive and essentially resulted in a Christmas present to card issuers.

Federal prosecutors broadened a case linked to what the U.S. called a multiyear criminal enterprise centering on hacks of publishing and financial firms including JPMorgan Chase & Co., according to court records in Manhattan.

In the conclusion of a three-part interview, Ryan Singer, a blockchain-tech entrepreneur, explains why bankers should care about Washington's resurgent efforts to insert back doors into security systems.

Despite the enormous hype and investment surrounding biometric technology, U.S. Bank's Elavon predicts that fingerprint, "selfie" and voice-based authentication will not render passwords obsolete anytime soon.

On any given day, there are countless articles circulating about the issues associated with EMV and how it will soon be replaced by the next big thing. However, EMV is here to stay, and, despite some who claim otherwise, that’s a good thing.

When EMV came to market in Europe in the 1990s, it entered a world with a much less robust communications infrastructure than what the U.S. has today. So, following the launch of EMV in the U.S., Visa decided it was time to break some old habits.

A closer look at a strangely named piece of malicious software shows it makes crafty use of drive-by downloads and Web injections to fool users into complicity with online banking fraud.

While beneficial for businesses and consumers, Nacha's new rule for same day transactions will require banks and other financial institutions to review thousands of additional transactions per day, leading to a significant increase in costs, not to mention an increased potential for fraud due to volume and rapidness of review.

As mobile wallets become more popular they'll also become more popular targets for fraud. Banks ought to improve enrollment guidelines and other security tools in plotting their mobile-wallet strategy.

Cyberthieves using malicious software discovered by IBM Security have stolen $4 million from business customers of two dozen financial services providers this month, IBM said.